backNEW YORK, Oct. 31, 2016 — King & Spalding advised Transwestern Investment Group on a $825 million joint venture with Seoul-based investment manager Mirae Asset Global Investments Co, and also advised the joint venture in its sale-leaseback with State Farm Auto Insurance Co. of a 2.2-million-square-foot, four-building portfolio located in CityLine, a 186-Acre, mixed-use project outside of Dallas. King & Spalding is also advising the joint venture on the debt financing associated with the transaction.
The four buildings will house approximately 8,000 State Farm employees and are part of a development that will include 1,700 luxury apartments, a 150-room boutique hotel, an entertainment center, a medical office facility, a Dallas Area Rapid Transit stop, retail, restaurants and a 3.5-acre park.
Transwestern Investment Group provides tactical investment management with an integrated operating platform through the Transwestern family of companies, which includes a diversified real estate services firm with 34 U.S. offices and a development company. The King & Spalding real estate industry team on these transactions was led by partner Mark Thigpen and includes Sheryl Kass, Chris McCoy, John Wilson, Chris Hoffman, Doug Elsbeck, Haley Lahmeyer, Natalie Gordon, Ava Jacobi. Jim Lokey and Robert Beard provided tax expertise on the transactions.
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Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with more than 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at www.kslaw.com.